Alpha Airports Group - Holding in Company

RNS No 5559d
ALPHA AIRPORTS GROUP PLC

                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

    ALPHA AIRPORTS GROUP PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

    PHILLIPS & DREW LIFE LIMITED

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

    NON-BENEFICIAL

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.



5)  Number of shares/amount of stock acquired.

    1,163,009

6)  (0.67%) of issued Class

7)  Number of shares/amount of stock disposed

    
8)  ( N/A %) of issued Class


9)  Class of security

    ORDINARY SHARES OF 10 PENCE EACH

10) Date of transaction

    13 JULY 1999

11) Date company informed

    6 JULY 1999

12) Total holding following this notification

    10,350,020

13) Total percentage holding of issued class following this notification

    5.98%

14) Any additional information

    In previous notifications, Philips & Drew Life Ltd's interests have been 
    included with that of Philips & Drew Fund Management Ltd.

15) Name of contact and telephone number for queries

    N S Lowe        0181 580 3229

16) Name and signature of authorised company official responsible for making
    this notification

    N.S. Lowe  -  Company Secretary


    Date of Notification..16 July 1999..........


END

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